Industrial Relations Act 2016

An organisation must have a policy, complying with the requirements prescribed by regulation, for each of the following—

decision-making about, and reporting of, the organisation’s financial matters;

authorisations and delegations relating to the organisation’s spending;

the organisation’s credit cards, including—

issuing, using and cancelling credit cards; and

accountability for, reporting about, and audit of, the use of credit cards;

the organisation’s contracting activities, including the following—

tender and selection processes;

reviewing significant contracts;

disclosing the identity of, and arrangements with, key service providers;

travel and accommodation, including—

spending by the organisation; and

receipt of hospitality benefits by its officers or employees from other entities;

spending on, and receipt of, entertainment and hospitality;Examples of entertainment and hospitality—

• providing food or beverages to a person visiting the organisation in an official capacity

• providing food or beverages for a conference, course, meeting, seminar, workshop or another forum held by the organisation for its officers, members, employees or other persons

• paying for an officer or employee of the organisation to attend a function as part of the officer’s or employee’s official duties or obligations

gifts, including giving, receiving and disposing of gifts;

how complaints about financial matters are dealt with;

another matter relating to the financial management or accountability of the organisation prescribed by regulation.

Maximum penalty—85 penalty units.

In this section—

contracting activities means activities for the making of a contract for—

the carrying out of work; or

the supply of goods or services; or

the lease of land; or

the disposal of assets.